Accounting - ACCT
ACCT F261 Accounting Concepts and Uses I (s)3 Credits
An understanding of basic financial statements from a user perspective (investors, managers and creditors) is strongly emphasized. Topical coverage of financial and managerial issues is integrated throughout the semester. Material is presented in a fashion that promotes development of communication skills. The conceptual approach used in this course will sensitize the student to the implications of accounting decisions related to business transactions, while avoiding the detailed procedures that only accountants need to know. Prerequisites: Sophomore standing or higher; placement, concurrent enrollment, or completion of MATH at the F100-level or above. (3+0)
ACCT F262 Accounting Concepts and Uses II
3 Credits
Continuation of ACCT F261 with introduction of advanced topics. Prerequisites: ACCT F261. (3+0)
ACCT F263 Accounting Processes
1 Credits
Laboratory covering processes and procedures of accounting. Includes journals, ledgers and recording techniques, and understanding of contemporary accounting issues. Prerequisites: AIS F101; ACCT F261; ACCT F262 or concurrent enrollment in ACCT F262. (3+0)
ACCT F330 Income Tax
3 Credits
Offered Fall or Spring
Survey of basic concepts of federal taxation with emphasis on taxation of individuals and the impact of taxes on business and investment planning. Prerequisites: ACCT F361. (3+0)
ACCT F342 Managerial Cost Accounting
3 Credits
Offered Fall or Spring
Cost accounting with managerial emphasis on planning, control and decision making. Topics include cost-volume profit analysis, costing systems, profit planning, flexible budgets, standard costs, responsibility accounting, inventory costing alternatives and relevant costs for decision making. For accounting majors. Note: No credit may be earned for more than one of ACCT F342 or ACCT F352. Prerequisites: ACCT F262. (3+0)
ACCT F352 Management Accounting
3 Credits
Offered Fall or Spring
Business policy profit planning, resource planning, control concepts, reporting for management control and impact of public reporting on management decisions. Note: For non-accounting majors only. No credit may be earned for more than one of ACCT F342 or ACCT F352. Prerequisites: ACCT F261; ACCT F262. (3+0)
ACCT F356 Internship in Accounting
1-3 Credits
Offered As Demand Warrants
Supervised accounting work experience in an approved position related to the student's career interests. Number of credits earned depends upon the type of position and time worked. No student may count more than 9 internship credits towards an undergraduate degree, with these credits being electives. Internship credits may not be taken as one of the two required senior-level accounting electives. Prerequisites: Permission of the SOM advisor. (0+6-14)
ACCT F361 Intermediate Accounting
3 Credits
Offered Fall
Discussions of financial accounting topics from the perspective of both accounting practice and theory. Working capital and fixed asset accounts are emphasized. Ethical and international accounting issues are emphasized throughout the sequence. Prerequisites: ACCT F262. (3+0)
ACCT F362 Intermediate Accounting
3 Credits
Offered Spring
Discussion of financial accounting topics from the perspective of both accounting practice and theory. Long-term liabilities and stockholders equity are emphasized. Ethical and international accounting issues are emphasized throughout. Prerequisites: ACCT F361. (3+0)
ACCT F401 Advanced Accounting
3 Credits
Offered Fall or Spring
Accounting for business combinations: parent-subsidiary and home office/branch relationships, partnerships and multinational enterprises. Prerequisites: ACCT F362. (3+0)
ACCT F404 Advanced Cost Accounting and Controllership
3 Credits
Offered Fall or Spring
Study of the controllership function with emphasis on advanced cost and managerial accounting topics related to contemporary organizations. Prerequisites: ACCT F342. (3+0)
ACCT F414 Governmental and Nonprofit Accounting
3 Credits
Offered Fall or Spring
Accounting for governmental units, public schools, colleges and universities, health care providers, voluntary health and welfare organizations and other nonprofit organizations. Prerequisites: ACCT F362; ACCT F452. (3+0)
ACCT F430 Advanced Taxes
3 Credits
Offered Fall or Spring
Advanced study of income taxation, emphasizing federal taxation of corporations and partnerships. Prerequisites: ACCT F330. (3+0)
ACCT F452 W Auditing
3 Credits
Offered Fall or Spring
Introduction to the professional standards and procedures applicable to an auditor's examination of financial statements. Compliance and Operational auditing, ethical and legal responsibilities, and international auditing issues emphasized. Prerequisites: ACCT F362; AIS F316; ENGL F111X; ENGL F211X or ENGL F213X. (3+0)
ACCT F472 Advanced Auditing
3 Credits
Offered Fall or Spring
Internal auditing including financial, compliance and performance audits. An overview of auditing concepts and practice is discussed with specific application to internal auditing and governmental auditing, including federal and state single audits. For auditor practitioners and students without field experience in auditing. Prerequisites: ACCT F362 or instructor permission. (3+0)
ACCT F656 Internship in Accounting
1-3 Credits
Offered As Demand Warrants
Supervised accounting experience in an approved position related to the student's career interests. (Note: Number of credits earned depend on the type of position and time worked. No graduate student may count more than six internship credits towards a graduate degree with these credits being electives.) Prerequisites: M.B.A. standing or approval of M.B.A. director. (0+6-14)